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re: Investing In Tesla

Posted on 10/5/18 at 4:38 pm to
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 10/5/18 at 4:38 pm to
quote:

I just went back and reread the 1st page this thread. Entertaining for sure.
Based on your post I just re-read it also.

I especially enjoyed this post:
quote:

Musk is projecting 500k cars next year,
...and then every financial projection for 2018 is based on Musk's prediction.

Of course, it's now clear Tesla will struggle to produce half of 500,000 vehicles this year.

TSLA shares lost another 7% today.

It explains to me why Musk is behaving so erratically.
Posted by MikeD
Baton Rouge
Member since Jan 2004
7211 posts
Posted on 10/5/18 at 10:57 pm to
Loving my short position right now
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167113 posts
Posted on 10/8/18 at 2:30 pm to
Lot of rumors floating out there right now. They are having cash flow problems and not sure if they can make a debt payment coming up.



Then there is this...

quote:

Hedge fund Greenlight unloaded all Apple shares on trade-war concerns

David Einhorn, president of Greenlight Capital, who famously warned that Lehman Brothers was undercapitalized before it filed for bankruptcy in 2008, said Tesla Inc. is following the same doomed path.

The hedge-fund manager, known for his meticulous research and data analysis, made the case that Tesla (TSLA) carried some of the same attributes as the ill-fated Wall Street bank in how it deflects criticism and masks problems.

Lehman was the fourth-largest investment bank in the U.S. before its collapse on Sept. 15, 2008, which many view as the moment that the global financial crisis took full flight.

In a letter to clients, Einhorn wrote:

"There are many parallels to TSLA," Einhorn said. "In 2013, TSLA was on the brink of failure as customers who had paid deposits weren't taking delivery of the Model S. TSLA's cash reserves fell to a dangerously low level and CEO Elon Musk secretly and desperately tried to sell the company to Google. Rather than communicating truth to shareholders, Mr. Musk bluffed his way through the crisis. There were no regulatory, legal or market consequences for failing to own up to reality. The business survived, and Mr. Musk was celebrated for his successful bluffing."


Being compared to Lehman Brothers has got to sting a little.
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167113 posts
Posted on 10/8/18 at 2:37 pm to
Oh...and then his mom made headlines today for going on a Twitter knighting spree to defend Tesla

LINK
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 10/8/18 at 2:43 pm to
quote:

They are having cash flow problems and not sure if they can make a debt payment coming up.



If this is true and they have to raise money, then he may be in trouble again. After that last tweet he better hope he doesn't have to deal with the SEC.
Posted by buckeye_vol
Member since Jul 2014
35236 posts
Posted on 10/8/18 at 7:54 pm to
quote:

Being compared to Lehman Brothers has got to sting a little.
Well apparently he’s at a point where he has to use his reputation to justify his positions. From a May article:

What Exactly Happened to David Einhorn?
quote:

This year Greenlight lost 14.9 percent through April, while the S&P 500 was down 0.4 percent — the latest embarrassment for a former star who has not bested the stock market since 2009.
quote:

Even before this year’s debacle, in 2017 investors had already yanked more than a third of Greenlight’s redeemable capital, a stunning loss of investor confidence that has never before been publicized. From a peak of $11.8 billion in 2014, Greenlight’s assets had shrunk to $6.4 billion by the end of 2017.
quote:

His shorts on a string of companies — Green Mountain Coffee Roasters, Chipotle Mexican Grill, Athenahealth, Martin Marietta Materials, Pioneer Natural Resources Co., Caterpillar, Core Laboratories, Netflix, Amazon.com, and Tesla — are all either trading higher than when he announced he was short or were bought out at a premium, even though some had a temporary downward spike when he unveiled his bet. (He has acknowledged covering, at a loss, Green Mountain and Chipotle.)
quote:

Instead, people who’ve worked with Greenlight believe he is relying on his name to make the case and is resistant to hearing any information that contradicts his short thesis.
But Musk and Einhorn (not Ray Finkle) do seem like perfect personality foils for one another.
This post was edited on 10/8/18 at 8:01 pm
Posted by LSUcam7
FL
Member since Sep 2016
7902 posts
Posted on 10/24/18 at 3:24 pm to
TSLA beats the street.
Posted by buckeye_vol
Member since Jul 2014
35236 posts
Posted on 10/24/18 at 3:27 pm to
quote:

TSLA beats the street.
Listening to CNBC on my way home, there are lot of beats (Tesla, Microsoft, Visa, Ford, Whirlpool).

Tesla was a huge beat on the top and bottom.
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 10/24/18 at 5:32 pm to
quote:

TSLA beats the street.
So you still believe what Musk says??
Posted by buckeye_vol
Member since Jul 2014
35236 posts
Posted on 10/24/18 at 5:41 pm to
quote:

So you still believe what Musk says??
No. But should we also not believe the “street” was expecting revenue of $6.3 billion and an adjusted EPS of -$0.19, but their reported revenue was $6.8 billion and their reported adjusted EPS of $2.90?

I get not believing what Musk has to say, but unless you think their earnings were a misrepresentation, then it was definitely a beat all around. Not OP level figures, but that’s a given.
This post was edited on 10/24/18 at 5:43 pm
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 10/24/18 at 8:13 pm to
I don’t believe anything that comes from Musk or his organization. He has proven he will use fraud to get his stock price up.
Posted by cave canem
pullarius dominus
Member since Oct 2012
12186 posts
Posted on 10/24/18 at 8:17 pm to
quote:

I don’t believe anything that comes from Musk or his organization. He has proven he will use fraud to get his stock price up.



Yep, not paying your suppliers is a great way to "beat the street" for a few more months.

This house of cards will be crashing soon enough
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 10/24/18 at 8:21 pm to
quote:

Yep, not paying your suppliers is a great way to "beat the street" for a few more months.


This statement tells me you have no clue how to read a set of financials.
Posted by Morty
Member since Feb 2018
2252 posts
Posted on 10/25/18 at 9:49 am to
I have never seen a stock that was killing it one day and about to implode the next day. 9iGets equals parts love and hate though more love. Goldman Sachs just raised their number to $225. lol
Posted by southernelite
Dallas
Member since Sep 2009
53151 posts
Posted on 10/25/18 at 10:29 am to
Did you see what happened to Netflix?

Spiked to $405 AH on earnings day, and faded hard to about $305 yesterday.

Remarkable action.

I was hoping to see this thing squeeze up to the $340-350ish, but it’s a piece of shite. Should have taken that $331 last night
Posted by Man4others
Member since Aug 2017
2051 posts
Posted on 10/25/18 at 10:43 am to
$TSLA Chief accounting officer quits after a month on the job and suddenly they hit a financial grand slam. Riiiiight
Posted by LSU2a
SWLA to Dallas
Member since Aug 2012
2849 posts
Posted on 10/29/18 at 8:23 am to
The real reason why Tigerdroppings hates Tesla has nothing to do with the business model or finances. Many people here are financially tied to fossil fuels and have conservative political views. I myself have a conservative view on most issues but I don’t put on political blinders when it comes to my money. If you claim to be a proud American you have to reconcile with the fact that Tesla is the most American car company there is.

The combustion engine and dealership model’s days are numbered. Get over it. Bet against Elon at your own peril.
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167113 posts
Posted on 10/29/18 at 8:30 am to
quote:

Many people here are financially tied to fossil fuels and have conservative political views. I myself have a conservative view on most issues but I don’t put on political blinders when it comes to my money.



lolno

I think Elon is great and does great things but I can also see Tesla's value is very questionable for many reasons. Many others on here are smart enough to wade through the BS and see the same things.

If you can't objectively see there are issues to be concerned with then you have on blinders the same as the others you are pointing fingers at.
Posted by cave canem
pullarius dominus
Member since Oct 2012
12186 posts
Posted on 10/29/18 at 8:44 am to
quote:

The combustion engine and dealership model’s days are numbered. Get over it.



True, but not as soon as you think, we just don't have the spare power generation capacity at this moment and honestly there may be a market disruptor before we get there.


quote:

Bet against Elon at your own peril.


Nothing to do with the above, there are far better companies that produce far better products pouring cash into the EV market.



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